Odyssey to Present at Smith Barney Citigroup 2005 Healthcare Conferenc

    Business Editors/Healthcare Writers
    Smith Barney Citigroup 2005 Healthcare Conference

    DALLAS--(BUSINESS WIRE)--March 22, 2005--Odyssey HealthCare, Inc. (Nasdaq:ODSY) will make a presentation at the Smith Barney Citigroup 2005 Healthcare Conference at the Mayflower Hotel in Washington on Tuesday, March 29, 2005, at approximately 11:10 a.m. (Eastern).
    The presentation at the conference will be web cast, both live and as replay, through the investor relations section of Odyssey's website at www.odsyhealth.com.
    The replay will be available approximately one hour after the live event and will be available for 30 days. The live presentation and replay are also available at http://www.veracast.com/webcasts/sbcitigroup/hc05/54106149.cfm.

    Based in Dallas, Odyssey is one of the largest providers of hospice care in the United States in terms of both average daily census and number of locations. The Company operates hospice programs in more than half the states in the country and is continuing to expand into new locations. Odyssey seeks to improve the quality of life of terminally ill patients and their families by providing care directed at managing pain and other discomforting symptoms and addressing the psychosocial and spiritual needs of patients and their families.

    Certain statements contained in the presentation may be forward-looking statements within the meaning of the federal securities laws. Such forward-looking statements are based on management's current expectations and are subject to known and unknown risks, uncertainties and assumptions which may cause the forward-looking events and circumstances to differ materially from those anticipated or implied by the forward-looking statements. Such risks, uncertainties and assumptions include, but are not limited to, general market conditions; adverse changes in reimbursement levels under Medicare and Medicaid program; increases in inflation; adverse changes in the Medicare cap limits and increases in the company's Medicare cap accrual; the impact of expensing stock options; decline in patient census growth; challenges inherent in and potential changes in the company's growth and expansion strategy; the ability to attract and retain healthcare professionals; the company's dependence on patient referral sources and potential adverse changes in patient referral practices of those referral sources; changes in state or federal income, franchise or similar tax laws and regulations; adverse changes in the state and federal licensure and certification laws and regulations; adverse results of regulatory surveys; delays in licensure and/or certification; government and private party legal proceedings and investigations; adverse changes in the competitive environment in which the company operates; and the disclosures contained under the headings "Overview of Government Payments" in "Item 1. Business" and "Some Risks Related to Our Business" in "Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations" of Odyssey's Annual Report on Form 10-K filed with the Securities and Exchange Commission filed March 15, 2005 , and in Odyssey's most recent report on Form 10-Q and its other filings with the Securities and Exchange Commission. Many of these factors are beyond the ability of the company to control or predict. Given these uncertainties, participants are cautioned not to place undue reliance on such forward-looking statements, which reflect management's views only as of the date of the presentation. The company undertakes no obligation to revise or update any of the forward-looking statements or publicly announce any updates or revisions to any of the forward-looking statements to reflect any change in the company's expectations or any change in events, conditions, circumstances or assumptions underlying such statements.

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CONTACT: Odyssey HealthCare, Inc., Dallas Jenny Haynes, 214-245-3164

KEYWORD: TEXAS DISTRICT OF COLUMBIA INDUSTRY KEYWORD: MEDICAL TRADESHOW CONFERENCE CALLS SOURCE: Odyssey HealthCare, Inc.

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